Description
AI bots are logging into people's bank accounts, and JPMorgan, Bank of America and Wells Fargo are scrambling to stop them. The same week, governments switched off their own websites, and the US government's books show it paying $2.9 billion a day just in interest. Here's how it all ties together.
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Axios reports that the big US banks have found AI agents inside customer accounts, some appearing to act without the customer asking. No money has been reported stolen, and most cases are people handing a bot their own password, but the banks admit they can't tell you from your AI, or from an AI that's gone rogue. Then two critical PHP flaws had the UK, France and Finland pulling government services offline, and the NSA told everyone to patch or pull the plug. Problem, reaction, solution: World ID launched for banks, AI agents included.
Also: the US and Israel reportedly planning Iran strikes after the midterms, oil around $109, inflation at 3.7%, and the US fiscal year in numbers: $5.4T in, $7.4T out, $1.05T in interest and $40T of debt. Plus record margin debt, and why nobody can margin call the Bitcoin in your own wallet.
In this video
00:00 Your bank can't tell if it's you or an AI
00:41 AI bots inside bank accounts
01:26 Governments switch off their websites
02:27 Banks hacked, Revolut down
03:31 Problem, reaction, solution: digital ID
04:36 Iran strikes after the midterms?
05:36 Inflation and the Fed
05:52 The US government's year-end receipt
06:57 21 million vs $40 trillion
07:21 Margin debt at the record
07:48 What I'm doing
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Learning Crypto is run by Heidi and Toby, who have covered Bitcoin and self-custody on this channel since 2016. Nothing here is financial advice and we are not licensed advisors. Markets are volatile, do your own research, and never invest more than you can afford to lose. We will never message you first on any platform; anyone who does is not us.
#Bitcoin #AI #Banks